Forsyth, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Forsyth, GA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Forsyth Housing Market Information

With a population of 4,013, 1,551 total housing units (homes and apartments), and a median house value of $108,582, house prices in Forsyth are solidly below the national average.

Single-family detached homes are the single most common housing type in Forsyth, accounting for 62.52% of the city's housing units. Other types of housing that are prevalent in Forsyth include duplexes, homes converted to apartments or other small apartment buildings ( 16.04%), large apartment complexes or high rise apartments ( 14.74%), and a few mobile homes or trailers ( 5.80%).

People in Forsyth primarily live in small (one, two or no bedroom) single-family detached homes. Forsyth has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Forsyth built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Forsyth built between 1940-1969 ( 33.09%). A lesser amount of the housing stock also hails from before 1939 ( 10.13%). There's also some housing in Forsyth built between 2000 and later ( 5.40%).

Vacant housing appears to be an issue in Forsyth. Fully 12.72% of the housing stock is classified as vacant. Left unchecked, vacant Forsyth homes and apartments can be a drag on the real estate market, holding Forsyth real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Forsyth Home Appreciation Rates

Forsyth's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Forsyth during the period has been just -1.21%, which is lower than 70% of US communities.

Over the last year, Forsyth appreciation rates have trailed the rest of the nation. In the last twelve months, Forsyth's appreciation rate has been 1.64%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Forsyth were at 0.33%, which equates to an annual appreciation rate of 1.32%.

Relative to Georgia, our data show that Forsyth's latest annual appreciation rate is lower than 80% of the other cities and towns in Georgia.

Average Home Values

 

Median Home Value:
$108,582

Forsyth, GA HOME PRICES

Value Range
> $1,062,000 1.3
$796,001 - $1,062,000 0.2
$531,001 - $796,000 0.3
$424,001 - $531,000 1.8
$318,001 - $424,000 9.3
$212,001 - $318,000 8.8
$106,001 - $212,000 28.7
$53,001 - $106,000 27.6
$0 - $53,000 22.0

Average for GA
Low for Nation

Value Relative to Nation Value Relative to State
72.202039142154 60.0422832980973

Number Of Homes And Apartments:
1,551

Forsyth Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
15.33% 0.83% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$966 / per month

Homeownership Rate

Homeownership
Owners 47.77
Renters 52.23
Vacant 12.72

Housing Market Details

 

Age of Homes

AGE OF Forsyth HOMES
2000 or Newer 5.4
1970 - 1999 51.4
1940 - 1969 33.1
1939 or Older 10.1

Types of Homes

TYPE OF Forsyth HOMES
Single-Family 62.5
Townhomes 0.9
Small Apt. Buildings 16.0
Apt. Complexes 14.7
Mobile Homes 5.8
Other 0.0

Home Size

SIZE OF Forsyth HOMES
No Bedroom 4.95
1 Bedroom 4.84
2 Bedrooms 40.01
3 Bedrooms 40.12
4 Bedrooms 7.99
5 or more bedrooms 2.08

Popular Neighborhoods in Forsyth

Popular Communities Near Forsyth, GA

Zip Codes in Forsyth, GA